Home > Statistics > Building cost index > 2020 > April > Building costs rose by 0.3 per cent in April year-on-year

Published: 15 May 2020

Building costs rose by 0.3 per cent in April year-on-year

According to Statistics Finland, building costs rose by 0.3 per cent in April 2020 year-on-year. Labour costs went up by 1.4 per cent and the prices of services by 0.5 per cent compared with April of the previous year. The prices of materials fell by 0.6 per cent from one year ago.

Long term development of the Building Cost Index

From March to April, the total index of building costs fell by 0.2 per cent. Labour costs went down by 0.3 per cent and the prices of services by 0.8 per cent. The prices of materials remained unchanged in April compared to the previous month.

Building cost index 2015=100, April 2020

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	104.2	-0.2	0.3
By type of cost	Labour inputs	400	103.7	-0.3	1.4
	Materials	510	104.7	0.0	-0.6
	Services	90	103.1	-0.8	0.5
By purpose of use	Residential building	440	104.2	-0.2	-0.0
	Other building construction	560	104.2	-0.1	0.5

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Input indices 2015=100, April 2020 (15.5.2020)
• Appendix table 2. Residential building 2015=100, April 2020 (15.5.2020)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.5.2020)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.5.2020)

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Updated 15.05.2020